Daily Report 04.11.2019
Objavljeno: 04. 11. 2019


Electricity bills to increase by 3.9% from December 1 – Price to remain unchanged for the industry

Electrical energy will be more expensive by 3.9% for household from December 1, announced the Minister of Mining and Energy of Serbia, Aleksandar Antic. He told RTS that the Energy Agency had approved the price increase and specified that the implementation starts with December bills, which are sent in January. The price of electricity for the industry will not increase, the minister said. Antic said that electricity prices had not increased in more than two years.
Source: SeeNews

Serbia's GDP growth quickens to 4.7% in Q3 - President

Serbia's gross domestic product (GDP) growth quickened to 4.7% in the third quarter of 2019 from 4.4% in the previous quarter, president Aleksandar Vucic said. Serbia's economic results are positive and will lead to an improvement of the living standard of Serbian citizens, as unemployment rate is currently below 10%, Vucic said in a video file posted on the YouTube channel of Serbia's Progressive Party on Thursday. Serbia's economic growth will exceed 3.5% in 2019 and will reach 3.6% or 3.7%, Vucic said in an interview for private broadcaster Pink TV.
Source: SeeNews

SORS: Serbia’s retail trade turnover up 7.3% y/y in September

Real retail trade turnover expanded in September by 7.3% y-o-y. Looking at the January–September period, retail trade turnover was 8.6% higher than in the same period a year earlier.
Source: NBS


Dow jumps 300 points, S&P 500 rallies to record close after strong October jobs data; Europe markets close higher on strong US, China data; Danske Bank down 4%

Stocks rose sharply on Friday as investor sentiment got a lift from much stronger-than-expected U.S. jobs data. The Dow Jones Industrial Average closed 301.13 points higher, or 1.1% to27,347.36. The S&P 500 gained 1% to end the day at 3,066.91, a fresh record close. The Nasdaq Composite also hit an all-time high, climbing 1.1% to 8,386.40.
Exxon Mobil was among the best-performing stocks in the Dow on the back of stronger-than-forecast quarterly results. The stock gained 3%. The industrials and financials sectors rose more than 1.4% each. Apple shares rose more than 2% to a record high, lifting the Nasdaq. U.S. Steel shares rose 14.8% after the company posted Thursday afternoon a smaller-than-expected quarterly loss.
The U.S. economy added 128,000 jobs in October, the Labor Department said Friday. Economists polled by Dow Jones expected a gain of 75,000 jobs for the previous month. October jobs growth easily beat estimates despite a decline of 42,000 jobs in the autos sector due to a General Motors strike that has now been settled.
European stocks closed higher Friday after a strong U.S. jobs report and an unexpected bounce in Chinese manufacturing activity. The pan-European Stoxx 600 closed up around 0.6% provisionally, with almost all sectors and major bourses in positive territory. The benchmark nudged just 0.16% lower for the week.
Denmark’s largest lender reported slightly weaker-than-anticipated third-quarter earnings and announced it had narrowed down its annual profit goals. Shares of Danske Bank slumped nearly 4% on the news.
Source: CNBC